ZoomInfo Technologies Inc. $ZI Stock Position Cut by GSA Capital Partners LLP

GSA Capital Partners LLP decreased its stake in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 70.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,068 shares of the company’s stock after selling 104,959 shares during the period. GSA Capital Partners LLP’s holdings in ZoomInfo Technologies were worth $470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Glenview Capital Management LLC boosted its holdings in shares of ZoomInfo Technologies by 28.1% in the second quarter. Glenview Capital Management LLC now owns 16,381,399 shares of the company’s stock valued at $165,780,000 after acquiring an additional 3,594,599 shares in the last quarter. AQR Capital Management LLC raised its holdings in ZoomInfo Technologies by 88.6% during the second quarter. AQR Capital Management LLC now owns 10,197,526 shares of the company’s stock worth $103,199,000 after purchasing an additional 4,789,566 shares in the last quarter. State Street Corp lifted its position in ZoomInfo Technologies by 1.5% in the second quarter. State Street Corp now owns 8,703,692 shares of the company’s stock worth $88,081,000 after purchasing an additional 129,548 shares during the period. LSV Asset Management lifted its position in ZoomInfo Technologies by 64.2% in the third quarter. LSV Asset Management now owns 7,506,629 shares of the company’s stock worth $81,897,000 after purchasing an additional 2,936,229 shares during the period. Finally, RPD Fund Management LLC boosted its stake in ZoomInfo Technologies by 23.4% during the 2nd quarter. RPD Fund Management LLC now owns 7,338,600 shares of the company’s stock valued at $74,267,000 after purchasing an additional 1,393,129 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

ZoomInfo Technologies Stock Performance

Shares of NASDAQ ZI opened at $6.03 on Wednesday. The stock’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $9.92. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 201.07, a PEG ratio of 13.05 and a beta of 1.02. ZoomInfo Technologies Inc. has a 52-week low of $7.01 and a 52-week high of $13.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.73.

Analyst Upgrades and Downgrades

ZI has been the topic of a number of research reports. Royal Bank Of Canada reissued an “underperform” rating and issued a $8.00 price objective on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Jefferies Financial Group reaffirmed a “buy” rating and set a $16.00 target price on shares of ZoomInfo Technologies in a research note on Tuesday, November 4th. Needham & Company LLC reiterated a “buy” rating on shares of ZoomInfo Technologies in a research report on Tuesday, November 4th. Finally, KeyCorp raised shares of ZoomInfo Technologies from an “underweight” rating to a “sector weight” rating in a report on Monday, December 15th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $11.50.

ZoomInfo Technologies Profile

ZoomInfo Technologies Inc is a cloud-based software company specializing in business-to-business (B2B) intelligence and go-to-market solutions. Its platform aggregates firmographic, demographic, technographic and intent data to help sales, marketing and recruiting professionals identify, engage and close on high-value prospects. Subscribers gain access to a proprietary database of company and contact information, enabling targeted outreach and data enrichment across various workflows.

Founded in 2007 and headquartered in Vancouver, Washington, ZoomInfo has expanded its capabilities through both internal development and strategic acquisitions.